According to the Ministry of Natural Resources and Environment, about 70 countries and territories in the world already have a carbon market, which currently controls about 11 billion tonnes of carbon, equivalent to 20 per cent of global emissions.
The State Securities Commission of Vietnam (SSC) required securities and fund management companies to organise security checks and assessments for information systems to ensure the security and safety of the trading system.
On April 30, securities companies will conduct the transition test. The trading date on the new KRX system is May 2. The trading data will be based on the end-of-day data from April 26.
In the first-quarter report, KB Vietnam Securities (KBSV) estimated that the new system would boost the average daily trading value of the VN-Index by 30-70 per cent compared to the recent five-year average liquidity.
To ensure the safe, stable and smooth operation of the securities market, the State Securities Commission has instructed the company to ensure the security and continuous operation of its information technology systems and backup databases.
Việt Nam is poised to take a significant step towards its involvement in the global carbon market by launching a pilot emission trading system (ETS) in 2025.
According to HNX, since the separate corporate bond trading system went into operation (July 19), there have been nearly 300 bond codes traded, corresponding to a transaction value of more than VNĐ35 trillion.
Việt Nam''s emissions stood at 300 million tonnes of CO2 in 2014. They are anticipated to grow to 900 million tonnes in 2030 if we don''t act more than what we''re already acting
The operation of a separate corporate bond trading system is necessary to develop a transparent secondary market and increase liquidity for corporate bonds.
The State Securities Commission announced that it will implement a separate corporate bond trading system from July this year to develop a transparent secondary market and increase liquidity for corporate bonds.
The Minister of Finance has directed the HCM Stock Exchange to urgently build and implement a separate corporate bond trading system from June 16 this year to develop a transparent secondary market and increase liquidity for corporate bonds.
Experts believe that once the KRX trading system begins official operations, many international organisations will re-evaluate the Vietnamese market to upgrade it to an emerging market.